If any legislation was to happen, it would be to mandate the standard work week to 32 hours, so if a company wanted to have you for 40 they would have to pay overtime. This has happened several times in history already by the way (6 to 5 day work week and 12 to 8 hour work day), so I don't see how it would be any different.
Companies don't pay out of the goodness of their hearts, they pay what the market demands, so if they cannot get new hires at a certain salary, they will have to increase it.
Hey, I've been looking for a better airpod app in android, mind telling me the name?